Recent Tutoring Session Reviews
"We went through revenues and expenses and how to report them as specifically as possible. We also went through the four financial statements and talked about accounting information systems that she could use within her business to analyze her financials and keep up-to-date information on them."
"We went over a homework assignment on variable cost vs. fixed cost and the concept of contribution margin on profit changes. We also worked on a quiz together. I reviewed the concepts mentioned above with the student and also suggested that he write down a summary of the data from the question to minimize the confusion when calculating the answers. As usual, the student showed high interest in learning the materials."
"We worked on net present value problems. The student was relieved when we solved them because it was a long comprehensive problem with many parts. I think she is starting to understand the accounting course and the major concepts. I think she will be ready for her final exams are next week."
"Today, the student and I worked on allowance for doubtful accounts, bad debt expense, and discounting notes receivable. We also discussed journal entries related to the same. I am sending him website links that give examples of various accounting situations and the related journal entries."
"We went over a worksheet/table with various cost accounting problems including breakeven, contribution margin, and profits. The student was putting forth a good effort."
"We reviewed Chapter 8 classwork and homework. Topics included: accounts receivable, aging, bad debts expense, allowance for bad debts, write-offs, restoring write-offs, calculating accounts receivable turnover and average days collection. The student is progressing very well."